Investors will be hoping Admiral Group plc can report a continued increase in customer numbers when the insurer unveils interim results next Thursday, August 15.
Figures had dwindled in early 2023 after Admiral hiked premiums, though began to recover as rivals followed suit later in the year.
As of late 2023, Admiral had 9.7 million customers, of which 4.9 million were on its car insurance schemes, with these set to be “the first numbers” that investors turn to, according to AJ Bell analysts.
“They will then switch quickly to issues such as competition, pricing and claims price inflation, as well as accident frequency,” analysts added.
Focus will also be placed on Admiral’s combined and solvency ratios, AJ Bell said, with figures lower and higher than 100% reflecting profitability and reduced risk respectively.
These sat at 88.7% and 200% respectively for 2023, with expectations also being for an increased pre-tax profit and dividend in line with consensus estimates for £682 million and 139p a share for the full year.